TruCore Inspires Business Growth Through New DOL Ruling

(Newswire.net — November 11, 2016) Stafford, Texas –TruCore views the DOL Fiduciary Rule as one of the greatest opportunities to grow firms through new client acquisition and generating assets under management.

TruCore believes there will be great opportunities for firms that are able to embrace and accept the challenges that the upcoming DOL Fiduciary Rule will present to the industry. The DOL recently released their FAQs, which spans 24 pages and 34 questions and as you can imagine, it delivers some answers but also generates more questions.

To help financial advisors, financial planners, and registered investment advisors, TruCore will be launching an e-book that individuals and firms can use to start the process of documenting their own “Winning with the DOL” plan.

The focus of the e-book will be that the DOL rule is coming so you need to prepare. While a lot of firms have been working on compliance and products, few companies have been helping firms address the changes that will be required in their business and at the point of sales.

TruCore will highlight three strategies that firms can use that will help generate new business and more business with existing clients.

First, firms will need to look at their sales approach. They will need to be able to talk about money to discuss fees properly, selling value via a consultative approach, and being CRM savvy to ensure proper record keeping.

Second, firms will need to look at how they are managing their business. Although TruCore works on ten areas of a firm’s business, there are three primary aspects that will be critical as part of the DOL environment: new client acquisition, business systems, and personal effectiveness.

Finally, firms need to align their objectives with their clients’ goals and needs as part of their planning process. TruCore uses the North Star Planning Process, which creates a constant and dependable value-based approach in an ever-changing world.

TruCore Business Development is a leading practice management firm in the Houston Texas area. For more information about TruCore and our practice management program and how to have the best year ever, please contact us through www.trucorebd.com.